ISO 37001:2016 is the latest edition of an international standard for companies that want to get ahead of their competition by ensuring that bribery is not part of their business. Learn 9 easy tips on how you can implement an ISO 37001 system in your company.
By implementing an ISO 37001 management system, organizations can not only prevent fraud and corruption in the workplace, they can also reduce costs and increase profits. Implementing and maintaining an ISO 37001 management system is a significant undertaking. It requires not just completing the paperwork, but also training personnel on key policies and procedures. This process will create redundancies in the process of providing necessary services to your business. Keeping track of all your commitments through performance dashboards will help to improve efficiency and reduce costs.
How to Set Up an Effective Anti-Bribery Management System
Implementing a corporate-wide anti-bribery management system is a crucial step in the process of preventing bribery, as it will set up an environment that discourages bribery. Once a company has reinforced this concept in the work place, its goal is to be proactive by establishing systems to detect and prevent bribery.
The ISO 37001 standard is a global standard that focuses on enhancing the integrity of business practices and encouraging responsible behavior by all stakeholders. A core component of the standard is an effective Anti-Bribery Management System (ABMS), which can help organizations comply with the ISO 37001 standard. One of the best ways to implement a successful ABMS is to develop a small team who can work towards making compliance happen. Ensure that your team establishes clear lines of reporting and accountability, as well as make sure they have access to resources necessary for compliance.
A Typical ISO 37001 Audit
An ISO 37001 anti-bribery management system is a globally accepted standard for fighting corruption and bribery. These systems help organizations in detecting, deterring, and reporting any cases of bribery. They are used to demonstrate compliance with the law, which is why it’s not mandatory for organizations to use one, but it’s highly recommended that they do so.
It is important that an organisation’s internal audit team have knowledge and skills in following terms: governance, management systems, risk management, ethics and compliance, as well as understanding of the role of the auditor within that organisation.
The knowledge and skills required to perform an internal audit of part of an Anti-Bribery Management System have been defined by the ISO 37001 standard. The first step in performing an internal audit is to specify what components of the system are to be audited. This includes performing interviews with managers, designing questionnaires, developing reports, issuing a request for information (RFI), appointing an auditor and performing a risk assessment.
Once implemented, an ISO 37001 audit can take days to weeks weeks depending on the size of your organization. When you have a larger company, you have more work to do which may include doing extra paperwork, conducting training sessions for employees, and drafting a document outlining the goals of your company’s ISO 37001 management system.
Conclusion
When creating a company-wide ISO 37001 anti-bribery management system, it is crucial to understand how to implement and maintain the system. Internal audits of an Anti-Bribery Management System against ISO 37001:2016 are important because they help the organization to stay on the right side of the law and keep its integrity at all times.
